The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1887-07-30
REPLY TO EDITOR BURKErr.
Extract Of Communication ia the Dsma-
cratic Eaitsrs Of the Ssats.S


debt is the proper basis. 1 there
fore begin with the report of State
Treasurer w. II. Vassar, made to
Coy. Alcorn January 1st, 1871,
where he reports the total debt
to be s1,796, ,230.54. tSee House
Journal, 1871, appendix page 472.)
His schedule omits the Seminary
Fund ts544, ,061.23l which the Leg
islature, by act of March 9th, 1880,
acknowledged. Add this, and the
proper total debt was. January LIST,
1871, 81, $40, ,29I.77. After this date
and prior to January LIST, 1876,
five years. the debt was increased
81 ,544, ,932.35, which would have
made the total debt January LIST,
1876, 1856, ,224.l2 had the Semi.
nary Fund been included in Treas.
urer w. L. Hemingway's report of
that date, (but the acknowledging
act of March 9th, 1880, was not
then in existence.) Now add the
Seminary Fund, s544. .061.23 to the
total debt reported on page 20,
Treasurer's Report, January LIST,
1876, (s3, ,41, ,162.S9 and you have
%, 1885,, ,22412, the proper basis with
which to compare the subsequent
report Of January LIST, 1882, (which
contains the Seminary Fund, in the
debt schedule, page 97) $3,304, ,72S.-
16. Now add $3.50, 1886, which
the debt was reduced in six years
between January LIST, 1876 and Jan.
uary LIST 1882, and you have $3,.
SS5, ,224.l2, which was begun with
January 1st, 1876. Now take the
total debt reported by the Treas.
urer January LIST, 1886, page 74,)
| $3,17S,693.61, and to that add $780,.
034.55, which the debt was reduced
in four years between January LIST,
1882 and January Ist, 1886, and
you haye $3,304, ,72S.16, which was
begun with January 1st, 1882. Thus
| ii is seen that Mr.. Burkitt was mis-.
taken in saying that the State debt
had been increased $677, ,901.72
under four years of "Lowryism."
SO here / show him false to the ex-
tent of charging an increase of
debt, when the debt has been in
fact reduced S126,O34.55. Is this
stupidity or wilful misrepresenta-
tion2
DEMOCRATIC BxTRAvAGANCE(D
When the Republicans took
charge of the State March 11th,
1870, there was, cash In the treas
ury $105.71; from this date to
January LIST, 1876, the receipts Of
the State Treasury were sS,672,.
522.51. This added together gives
| $S,672,62S,22 of cash which they
handled. Now deduct $524, 1888, ,6S,
the cash balance which they turn.
ed over to the Democrats January
LIST, 1876, and you have the moneys
they paid out of the treasury, $S,.
las, ,239,54. To this must be added
the amount of s1,544,032, 35 which
the Republicans increased the
debt, making $9,693,17I,s9, an
average annual expenditure Of 81.
669,637,25.
When Governor Stone was In
augurated say January LIST, 1876
the cash balance in the treasury
was reported to be $524,3SS,6S
Add to this the receipts at the
treasury from January LIST. 1876 tC
January LIST, 1882, 90, ,9S5, ,603,77 ant
you have $6.509,992,45 cash fol
six years. Now, deduct S545, LOG, ,2S
cash balance turned over to Low
. ry's administration January LIST
! 1882, and you have the amount O
moneys paid out of the treas
ury under Stones administration
$5,964, 4,SS6,17. Now credit thil
. with the reduction of the debt dur
! ing Stones administration $3.50,
,, 1886, and S1,O64,35 besides, OF
I moneys transferred from gener
al funds, for common school pur
poses, and it leaves 80, ,3S3, 1926, SO
for current expenses There was |
balance January LIST, 1878, Of Com
mon School Fund receipts, on tn,
old common school fund account
and the distributive account, an,
on transfers of proceeds of bond
of the United States, to wit: Ol,
account receipts for 1876, $40,
609,27; proceeds 'Uuited State
: bonds, sold s60,926,21 ; and com
+ mon school funds distrlbutive,
: balance of s66,355,35; making
: total balance January 1st, 1878, 0
! $176,S90,83. Add receipts fron
1878 to 1881, inclusive, on accoun
of the common school fund dis
tributive $685., 5,425,19, and then de
duct their sum, s712,310,02, fror
disbursements on this account, fo
these years, and it is found tha
, s1,064,35 was disbursed out of tn
General Funds" for the commo
schools, during Governor Stone'
term j for current expenses, a
: average of sS07, ,220,0S per annun
When Governor Lowry was IL
augurated, say January LIST, 1888.
the cash balance was reported o
s545, ,106,2S and there was in tn
= , treasury an amount of Chickasa'
Y School Fund and Ripley Railroa
Is Subsidy warrants held ''in an III
ls cancelled state," tby reason {
Z some, injunction proceeding
i which must be treated here a
cash assets turned over to CO.
Lowry's administration, in as muc
as they have since been "trea
, ed as cancelled under the provi
: ions Of two acts approved App
10th, 1876" (see "noten to page
Treasufer's Report Janurry 1s